The project is expected to focus on Jordan’s post-baseball comeback in the mid- to late-90’s but has not yet begun production.

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Mike Tollin, who was heavily involved in ESPN’s critically acclaimed 30 for 30 series is heading the production, Johnson reports, and the team has approached ESPN, Showtime, HBO and Fox Sports with a $20 million asking price.

Jordan retired after winning his third NBA title in 1993 to play baseball and there have long been rumors that his sudden departure from the game was the result of secret suspension for gambling. The film, which is authorized by Jordan, is expected to “gloss over his love of gambling,” Johnson reports.

Jordan, now 53, retired from the NBA in 2003 and is now the primary owner of the Hornets.